Philanthrocapitalism is an attempt to use market processes to do good, and therefore problematic as markets are ill-suited to producing socially constructive ends. Advocates of philanthrocapitalism often expect financial returns or secondary benefits over the long term from their investments in social programs. Philanthropy becomes another part of the engine of profit and corporate control.
The Bill and Melinda Gates Foundation’s strategy for 'development’ actually promotes neoliberal economic policies and corporate globalization. in 2020, Gates monopolizes or wields disproportional influence over the tech industry, global health and vaccines, agriculture and food policy (including biopiracy and fake food), weather modification and other climate technologies, surveillance, education and media. For example, a major mechanism by which the Gates Foundation exercises influence over agriculture is through its funding of the Alliance for a Green Revolution in Africa (AGRA). Its work with Monsanto and other multinational agricultural corporations directly undermines existing grassroots efforts at improving African agricultural production. The Foundation favours industrial agricultural paradigms which view African hunger as a business opportunity. It has targeted the world's poor as presenting 'a fast-growing consumer market'.